News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

(source: pymnts.com)

Report: Mistral AI Targeting $5 Billion Valuation 
Report: Mistral AI Targeting $5 Billion Valuation 
April 17, 2024  |  artificial intelligence

Mistral AI is reportedly exploring a funding round that would value it at $5 billion. The French startup has been in talks with investors about raising several...

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Visa Acceptance Enhancements Connect AI to Click-and-Mortar™ Shopper
Visa Acceptance Enhancements Connect AI to Click-and-Mortar™ Shopper
April 17, 2024  |  Payments Innovation

Earlier this year, Visa and PYMNTS Intelligence trained a spotlight on the Click-and-Mortar™ shopper. This fast-growing segment, who seek digital features with the instant gratification of in-store shopping, offers...

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Andreessen Horowitz Raises $7.2 Billion as VCs Focus on AI
Andreessen Horowitz Raises $7.2 Billion as VCs Focus on AI
April 17, 2024  |  artificial intelligence

Andreessen Horowitz has raised $7.2 billion for tech startups including those in the AI sector. The funding, announced by the venture capital (VC) group Tuesday...

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NCR Voyix Warns on Instant Payments Adoption Delays
NCR Voyix Warns on Instant Payments Adoption Delays
April 17, 2024  |  Real-Time Payments

Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in...

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43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
April 17, 2024  |  Security & Fraud

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters,...

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Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups
Bankjoy and Pinwheel Partner to Simplify Direct Deposit Setups
April 16, 2024  |  Partnerships

Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its...

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Interac Acquires Canadian Rights to Vouchr’s Engagement Platform
Interac Acquires Canadian Rights to Vouchr’s Engagement Platform
April 16, 2024  |  Digital Payments

Interac has acquired the exclusive Canadian rights to use Vouchr’s engagement platform. This platform allows users to send and receive personalized multimedia notifications along with money transfers,...

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Former OpenAI Board Member Says AI Needs Reporting Mechanism, Auditors
Former OpenAI Board Member Says AI Needs Reporting Mechanism, Auditors
April 16, 2024  |  artificial intelligence

There should be a reporting mechanism in place for incidents when artificial intelligence (AI) goes wrong, just as there is for airplane crashes, a former OpenAI board...

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Report: Rippling in Discussions on Funding Round, $13.4 Billion Valuation
Report: Rippling in Discussions on Funding Round, $13.4 Billion Valuation
April 16, 2024  |  Investments

Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and...

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